HCC Has Resistance At Rs 41

HCC Has Resistance At Rs 41Technical analyst Rajesh Satpute has maintained 'hold' rating on Hindustan Construction Company Limited (HCC) stock with a target of Rs 48-50 if it crosses its resistance of Rs 41.

According to analyst, the stock can be purchased with a stop loss of Rs 30.

Today, the stock of the company opened at Rs 35.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 74.85 and a low of Rs 32.05 on BSE.

Current EPS & P/E ratio stood at 1.51 and 23.22 respectively.

During the last month, HCC bagged a letter of award from Kanti Bijlee Utpadan Nigam, Muzaffarpur.

The said award valued at Rs 2.32 billion is for building of main facility, CW, offsite civil works and chimney & chimney elevator package for Muzaffarpur TPP, phase-II in the state of Bihar.

The project is said to be finished in a period of 34 months from the issue date.

HCC, an Indian infrastructure firm, has a single section i. e. Engineering and Construction.